Highlights
- Revenue up 21% to £50.5m (2008: £41.7m)
- 9% like-for-like revenue growth.
- Two new stores opened in the period, taking the figure to 13 stores in the financial year to date. BrightHouse store portfolio currently stands at 190.
- Company on track to open a total of 20 stores during the financial year ending 31 March 2010.
- Sales have been robust across most product lines, particularly Furniture and Domestic Appliances.
- Most in-demand items for Christmas were laptops, gaming consoles and flat screen TVs.
Leo McKee, BrightHouse CEO, said:
“Both customer footfall and trading in the run up to Christmas has been strong and we have delivered improved revenue and customer numbers. Consumer electricals have been popular and we have also seen significant demand for furniture and domestic appliances.”
‘We’re delighted by the 21% improvement on the same period last year, particularly as Christmas 2008 was a solid performance. While our new stores are making a healthy contribution, we are particularly pleased with our 9% like for like revenue growth. Current overall performance is in line with management expectations. Looking forward to 2010, the company is well placed for further growth, and our new store opening programme remains on track.”
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